Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss earnings, inflation, interest rates, the impact of AI on Big Tech, NVDA, chips, fabs, Altman’s $7T to meet AI Compute needs, & more. Enjoy another episode of Bg2.


Timestamps:


(0:00) Introduction
(3:14) Earnings / Inflation / Rates
(10:16) Impact of AI on Google / Meta 
(32:47) Why not also MSFT/Apple/Amazon?
(57:06) Chips, Fabs, Future Compute Needs


Available on Apple, Spotify, www.linktr.ee/bg2pod


Follow:
Brad Gerstner @altcap https://twitter.com/altcap 
Bill Gurley @gurley https://twitter.com/bgurley 
BG2 Pod @bg2pod https://twitter.com/BG2Pod


Shownotes:


TSMC founder Morris Chang on the evolution of the semiconductor industry 
https://youtu.be/r_8XClnnvIk?si=rAylAfxpJa0kHiNv


#BillGurley #BradGerstner #BG2Pod

BG2 with Bill Gurley & Brad Gerstner | NVDA, Chips, AI Compute Build Out, Impact of AI on Big Tech, Earnings & Macro Set-up | E03

Open Source bi-weekly conversation with Brad Gerstner (@altcap) &amp; Bill Gurley (@bgurley) on all things tech, markets, investing &amp; capitalism

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Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss OpenAI ChatGPT-4o, Astra, Consumer AI, Enterprise AI, China Tariffs, Trade Regulation, the tech markets, and more. Enjoy another episode of Bg2.


Timestamps:
(00:00) Intro
(00:40) Open AI Launches GPT-4 Omni
(10:29) Chat GPT-4o Benchmarks
(14:11) Voice as the New GUI
(20:01) Breakout Power of ChatGPT
(22:09) Consumer AI vs Enterprise AI Landscape
(27:51) AI Disruption
(35:45) Regulation & Industrial Policy
(43:47) China Tariffs
(53:15) Tech Market Check


Available on Apple, Spotify, www.bg2pod.com


Follow:
Brad Gerstner @altcap https://x.com/altcap 
Bill Gurley @bgurley https://x.com/bgurley 
BG2 Pod @bg2pod https://x.com/BG2Pod


#BillGurley #BradGerstner #Bg2Pod

Ep9. GPT-4o, Astra, Multi Modal, China Tariffs, Tech Earnings | BG2 with Bill Gurley & Brad Gerstner

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, joined by Sunny Madra (Head of Groq Cloud) they discuss AI Models, Data Scaling, Enterpise AI, Personal AI, the tech markets, and more. Enjoy another episode of Bg2.


Timestamps:
(00:00) Intro
(01:10) $META Llama 3
(20:40) Enterprise AI
(36:50) Personal AI
(50:07) $TSLA Earnings Call & Rideshare
(52:10) Tech Check


Available on Apple, Spotify, www.bg2pod.com


Follow:
Brad Gerstner @altcap https://x.com/altcap 
Bill Gurley @bgurley https://x.com/bgurley 
Sunny Madra @sundeep https://x.com/sundeep
BG2 Pod @bg2pod https://x.com/BG2Pod

Ep8. AI Models, Data Scaling, Enterprise & Personal AI | BG2 with Bill Gurley & Brad Gerstner

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss The Great IPO Debate, Tesla Robotaxi vs. Uber, and a Tech Check. Enjoy another episode of Bg2.


Timestamps:
(00:00) Introduction + Eclipse
(01:56) The Great IPO Debate
(41:33) Tesla Robotaxi vs. Uber
(01:10:27) Market Check


Available on Apple, Spotify, www.bg2pod.com


Follow:
Brad Gerstner @altcap https://twitter.com/altcap 
Bill Gurley @bgurley https://twitter.com/bgurley 
BG2 Pod @bg2pod https://twitter.com/BG2Pod


#BillGurley #BradGerstner #Bg2Pod

Ep7. The Great IPO Debate, Tesla Robotaxi vs. Uber, & Tech Check | BG2 with Bill Gurley & Brad Gerstner

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, they discuss the challenge of forecasting the AI Supercycle, Stargate and the massive AI supercomputer build out,  AI demand overhyped or underhyped, and current market valuations. Enjoy another episode of Bg2.


Timestamps:
(0:00) Intro
(2:49) Demand for Compute Is Virtually Unlimited
(27:53) Everywhere we Look we are building more and bigger Supercomputers 
(35:49) The AI Induced Power Gap & The Need for Nuclear
(50:21) Valuations / Market Check


Available on Apple, Spotify, www.bg2pod.com


Follow:
Brad Gerstner @altcap https://twitter.com/altcap  
Bill Gurley @bgurley https://twitter.com/bgurley 
BG2 Pod @bg2pod https://twitter.com/BG2Pod


Shownotes:
What's next for AI agents ft. LangChain's Harrison Chase: https://www.youtube.com/watch?v=pBBe1pk8hf4
Tesla FSD Model 12: https://twitter.com/bg2pod/status/1769378291658666226?s=46&t;=tiuRwY6s_lj81akJSCmJkw
Sam Altman: OpenAI, GPT-5, Sora, Board Saga, Elon Musk, Ilya, Power & AGI | Lex Fridman Podcast #419: Sam Altman: OpenAI, GPT-5, Sora, Board Saga, Elon Musk, Ilya, Power & AGI | Lex Fridman Podcast #419
OpenAI CEO on GPT-4 vs GPT-5 | Sam Altman and Lex Fridman: https://www.youtube.com/watch?v=CJEC0aAjRJE 
Jevons Paradox: https://en.wikipedia.org/wiki/Jevons_paradox 
MSFT and OpenAI $100bn supercomputer project: https://twitter.com/theinformation/status/1773798028907811059?s=20
Biden administration on how to generate more electricity to meet massive demand for AI computing: https://twitter.com/axios/status/1774758834952659223?s=20 
Nuclear reactors planned and proposed: https://world-nuclear.org/information-library/current-and-future-generation/plans-for-new-reactors-worldwide.aspx 
U.S. approves $1.5bn loan to restart Michigan nuclear plant: https://www.nytimes.com/2024/03/27/business/energy-environment/holtec-palisades-nuclear-plant-loan.html 
Josh Wolfe’s talk to Congress: https://twitter.com/wolfejosh/status/1685323817521139712 
Our World in Data - cleanest and safest sources of energy: https://ourworldindata.org/safest-sources-of-energy 
How Regulation killed Supersonic: https://www.heritage.org/transportation/commentary/its-time-let-supersonic-flight-soar-again
Natural gas is stronger in the U.S.: https://www.iea.org/commentaries/natural-gas-is-now-stronger-than-ever-in-the-united-states-power-sector 
Baseload in the U.S. has been flat for many years: https://energytransition.nema.org/baseload-generation/ 
Amazon goes nuclear: https://www.theregister.com/2024/03/04/amazon_acquires_cumulus_nuclear_datacenter/ 
I-95 Bridge reopened in 12 days: https://www.bloomberg.com/news/articles/2023-06-28/resurrection-of-i-95-in-just-two-weeks-is-dubbed-small-miracle?embedded-checkout=true 
SF cleaned up in a week: https://www.smh.com.au/world/north-america/sanfran-s-mean-streets-become-clean-streets-for-biden-xi-and-co-20231116-p5ekd0.html 
Texas trumps California as key US energy transition driver:https://www.reuters.com/markets/commodities/texas-trumps-california-key-us-energy-transition-driver-2023-05-04/ 
Brad’s tweet on CT scan: https://twitter.com/altcap/status/1774919531414368402?s=20
Americans favor more nuclear energy: https://www.pewresearch.org/short-reads/2023/08/18/growing-share-of-americans-favor-more-nuclear-power/ 
Producing new nuclear plants have gone down in France and up in the U.S. tweet: https://twitter.com/cremieuxrecueil/status/1773221106591166946?s=46&t;=832RL3Gm0XtyDEuhy-Gkzg 
GenAI company revenue multiples tweet: https://twitter.com/asanwal/status/1772821841578754492?s=46&t;=832RL3Gm0XtyDEuhy-Gkzg 
Gurley’s tweet on 60x reduction from top model: https://twitter.com/bgurley/status/1774896120310686003?s=20 
Congress provides record funding for fusion energy:https://www.fusionindustryassociation.org/congress-provides-record-funding-for-fusion-energy/ 

#BillGurley #BradGerstner #Bg2Pod

Ep6. AI Demand / Supply - Models, Agents, the $2T Compute Build Out, Need for More Nuclear & More

Open Source bi-weekly convo w/ Bill Gurley and Brad Gerstner on all things tech, markets, investing & capitalism. This week, joined by Bob Mylod, (Chair of Board, Bookings.com & Managing Partner of Annox Capital) they discuss stock compensation, Google Gemini / Apple, TikTok US & the New AI Cold War, MSFT / Inflection & VC Valuations for LLM’s. Enjoy another episode of Bg2.


Timestamps:
(0:00) Intro 
(2:07) Bob Mylod | Stock-Based Compensation
(58:03) Apple's Potential Partnership with Google on AI
(1:04:00) Tiktok The Future of TikTok in the US
(01:12:34) Microsoft's Acquisition of Inflection
(01:18:06) The Durability of LLM Business Models


Available on Apple, Spotify, www.bg2pod.com


Follow:
Brad Gerstner @altcap https://twitter.com/altcap 
Bill Gurley @bgurley https://twitter.com/bgurley 
BG2 Pod @bg2pod https://twitter.com/BG2Pod


Shownotes: 
Bookings 2023 Notice of Annual Stockholders’ Meeting and Proxy Statement June 2023 (page 63 for Stock-Based Compensation Expense as a % of net cash provided by operating activities) https://bit.ly/3ISIauw
Michael Mauboussin - Stock-Based Compensation Paper: https://mgstn.ly/4cshBKn
Tom Hearden Tweet: https://bit.ly/4cqCoxQApoorv 
Agarwal Tweet: https://bit.ly/3VumL2G

BG2 with Bill Gurley & Brad Gerstner | NVDA, Chips, AI Compute Build Out, Impact of AI on Big Tech, Earnings & Macro Set-up | E03

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